#274: Alexis Ohanian on Building and Investing in the Modern Digital World

Podcast Notes Key Takeaways Co-founders need to have more than just complimentary skills, their values and world view have to be aligned“All companies have problems all of the time, what’s important is that they are good at triaging the most important ones as fast as possible” – Alexis OhanianWhen it comes to automation and developing software, repetitive and tedious tasks take priority (e.g. generating reports or managing deal flow)Initialized Capital uses an internal software to promote information sharing and collaborationIndustries like Telehealth, Crypto, and Remote learning are poised to do well in the wake of COVID-19Just finished school? Here is some advice:Focus on the things you can control, work very hard to improve on those things and get better at themFind things you love doing, that are viable in a new economy, and that won’t get automated away – Double down on those thingsThe cheat code for the new economy: Learn to codeHigh school graduates will start thinking twice about taking student loan debt for going to universitiesBecause their jobs are not easily automated, skilled labor (welders, plumbers, electricians, etc.) will stay in demandTo solve the potential shortage of skilled workers, a re-imagining of trade schools is needed – think: General Assembly for skilled laborIdentifying trends and finding the signal are essential to understanding where the future is headed and investing – Following the right people gives you an advantage

Read the full notes @ podcastnotes.org

Alexis Ohanian is the Co-founder of Initialized Capital, a half-billion dollar early stage venture capital firm. He is also the Co-founder and Executive Chairman of Reddit, one of the most popular websites in the world. In this conversation, Anthony and Alexis discuss the founding story of Reddit, what Alexis learned as a Partner at YCombinator, whether he has ever beat Serena at anything athletic, what industries should benefit from behavior shifts due to the virus, and what org structure and internal tools allow Initialized to operate at such a high level. 

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